“Walmart has very robust banking lines and has already tied-up for committed financing. The revolving credit line is to facilitate the immediate acquisition financing requirements,” said one of the sources with knowledge of the matter.

Reliance Jio is on a fund raising spree as it aims to expand its telecom empire. It spent about Rs 7,000 crore as capex in the December quarter and has said it expects capex levels to be similar in the ongoing March quarter.

The once non-descript bitcoin, a crypto currency, has returned more than 10 times since 2015, with the price of the digital instrument hitting a record Rs 2,25,000 a unit in the domestic spot market last week